Centerra Gold Inc. · TSX:CG
Centerra Gold — Non-Deal Roadshow (May 2011)
28 slides from Centerra Gold's roadshow presentation, May 2011
Slide 1: May 2011
May 2011 Steve Lang President and Chief Executive Officer
Slide 2: Caution Regarding Forward-Looking Information
Caution Regarding Forward-Looking Information This presentation and the documents referred to herein contain statements which are not statements of current or historical facts and are “forward- looking information” within the meaning of applicable Canadian securities laws. Such forward-looking infor
Slide 3: Two Solid Growth Platforms
Two Solid Growth Platforms Kyrgyz Republic Mongolia Russian Federation Russian Federation Boroo Gatsuurt Ulaanbaatar Mongolia Kazakhstan Mongolia Kazakhstan China Kumtor China Kyrgyz Republic ● Q1-2011 gold production 180,716 oz @ cash costs of $370/oz ● 2011 expected gold production of 600,000 to 6
Slide 4: Share and Ownership Profile
Share and Ownership Profile ● Symbol CG on the TSX, 235,903,895 common shares issued ● Market capitalization approximately CDN$4.5 Billion ● Strong financial position, no debt ● Annual dividend, CDN$0.10, 2011 special dividend CDN$0.30 Share Ownership Retail shareholders 13% Institutional shareholde
Slide 5: Strong Operating Performance
Strong Operating Performance Gold Production 2010 Production: (‘000 oz) – Kumtor – 567,802 oz – Boroo – 111,139 oz 676 679 600-650 2011 Estimated Production: – Kumtor 550,000 – 600,000 oz – Boroo 50,000 oz Kumtor Boroo 2009 2010 2011E May 2011 5
Slide 6: Strong Financial Performance in 2010
Strong Financial Performance in 2010 Dec. 31 Dec. 31 2010 2009 Gold production (‘000 oz) 679 676 Total cash cost ($/oz) $444 $459 Average realized gold price ($/oz) $1,235 $1,013 Revenues $847M $686M Net Earnings $323M $60M Net Earnings per share $1.37 $0.27 Cash from operations $271M $245M Cash and
Slide 7: Strong Financial Performance in Q1-2011
Strong Financial Performance in Q1-2011 Mar. 31 Mar. 31 2011 2010 Gold production (‘000 oz) 181 211 Total cash cost ($/oz) $370 $340 Average realized gold price ($/oz) $1,385 $1,112 Revenues $250M $256M Net Earnings $137M $124M Earnings per share $0.58 $0.53 Cash from operations $143M $82M Cash and
Slide 8: Centerra – Reserves and Ounces Mined
Centerra – Reserves and Ounces Mined 8,500 8.2 million 7,500 ounces 6,500 5,500 4,500 3,500 Au Ounces ( ‘000’s ) 2,500 1,500 Reserves 500 7.1 million -500 -1,500 Cumulative -2,500 Ounces -3,500 Mined Since -4,500 Boroo Ounces Mined 2003 Kumtor Ounces Mined Gatsuurt Reserves -5,500 Boroo Reserves -6,
Slide 9: Two Solid Growth Platforms: Kumtor Reserves and Resources
Two Solid Growth Platforms Kyrgyz Republic Mongolia Russian Federation Russian Federation Boroo Gatsuurt Mongolia Kumtor Kazakhstan Reserves and Resources Ulaanbaatar Mongolia Kazakhstan Kumtor ● P & P – China open pit 6.3 m oz China ● M & I – open pit 4.1 m oz Kyrgyz Republic ● Inferred – open pit
Slide 10: Expanded Concession Area
KUMTOR Expanded Concession Area ● Area of 26,300 hectares ● Concession expires 2042 ● 14% revenue-based tax 2nd Decline Portal ● 2 portals in place 1st Decline Portal ● Declines advancing May 2011 10
Slide 11: New Exploration Areas
KUMTOR New Exploration Areas Kumtor Concession 263 km2 Kumtor Central Pit Koendy License 134 km2 Southwest Design Pit Sarytor Design Pit Karasay License 139 km2 0 5 10 kilometres May 2011 11
Slide 12: Karasay Prospect
KUMTOR Karasay Prospect SCHEMATIC SCHEMATIC GEOLOGICAL GEOLOGICALCROSS-SECTION CROSS-SECTION,- LINE A-A’ A-A' 0 5.000 5 (vertical exaggeration 1:2) kilometers KARASAY KUMTOR KARASAY PROSPECT PROSPECT KARASAY KUMTOR DEPOSIT KUMTOR AKSHYRAK KARASAY BESHMOYNOK NNW DEPOSIT RIDGE GLACIER TARGET TARGET VA
Slide 13: Central Pit - Longitudinal Section
KUMTOR Central Pit - Longitudinal Section March 3131 December st 2011 st 2009 KS10 Pit Design KS11 Pit Design Current Decline Current Positions Decline Position Stockw Declinork 2 e Decline Decline 1 No Data No Data May 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see C
Slide 14: Underground Development
KUMTOR Underground Development SB Underground Stockwork High-Grade Zone Underground Zone 1.4M oz Inferred @ 15.3 g/t 0.6M oz Inferred @ 12.1 g/t North 1st Portal KS11 2nd Final Pit Portal Current 390m max Location strike length beneath pit 475m Approx. 1.5 kilom re etre il omet width up to 50m, 560m
Slide 15: Improved Kumtor Open Pit LOM Plan
Improved Kumtor Open Pit LOM Plan Gold Production (‘000 oz) 1,400 1,200 1,000 2009 LOM 800 2011 LOM 600 400 200 0 2011 2012 2013 2014 2015 2016 2017- 2021 May 2011 15
Slide 16: Mongolian Reserves and Resources
Two Solid Growth Platforms Kyrgyz Republic Mongolia Mongolian Reserves and Resources Russian Federation Russian Federation Boroo Gatsuurt Ulaanbaatar ● Proven & Probable Reserves Mongolia Kazakhstan Mongolia Kazakhstan – Boroo 0.4 m oz – Gatsuurt 1.5 m oz China Kumtor ● Measured & Indicated Resource
Slide 17: Mongolia Update
MONGOLIA Mongolia Update ● Boroo Heap Leach permit pending – Potential to add about 4,000 oz per month ● Gatsuurt road construction and site prep complete ● Gatsuurt approvals pending – Ready to begin production of oxide ore on receipt of final approvals ● Expand processing options, add bio-oxidatio
Slide 18: Gatsuurt Deposit
MONGOLIA Gatsuurt Deposit 106°E 107°E 108°E Detailed Map Area RUSSIA Suhbaatar 50°N Shaamar Dzuunburen 50°N MONGOLIA Dulaahhaan Yoroo MONGOLIA Darhan Sant Sharingol Orhon 49°N 49°N Barunnharaa Dzuunharaa BOROO MINE Mandal Jargalant GATSUURT Bornuur DEPOSIT ULAAN BULAG Batsumber DEPOSIT Bayanchandman
Slide 19: Central Pit South Slope Drillhole Plan Map
GATSUURT Central Pit South Slope Drillhole Plan Map 2011 Central Pit Design 2010 Central Pit Design Detailed Map Area Sect ion 06 May 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see Centerra’s AIF and technical reports filed on SEDAR. 19
Slide 20: Central Pit South Slope – Section 06
GATSUURT Central Pit South Slope – Section 06 2011 Central Pit Design 2010 Central Pit Design May 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see Centerra’s AIF and technical reports filed on SEDAR. 20
Slide 21: Our Focus is on Growth
Our Focus is on Growth Acquisitions or JV’s Expand our exploration 3 2 Maximize existing operations 1 Growth May 2011 21
Slide 22: Expand Our Exploration
Expand Our Exploration ● Over 50% of 2011 Exploration exploration budget on our Expenditures land holdings $M – Kumtor: $13M $34 – Mongolia: $5M $31 – JV’s in Russia, Turkey, Nevada $25 ● Kumtor focus – SB and Stockwork Zones – regional drilling ● Mongolia focus – Gatsuurt and other land holdings 20
Slide 23: Expand Exploration; Significant Potential in Asia
Expand Exploration; Significant Potential in Asia Chertovo Koryto Peschanka-Chukotskiy 5.6 M oz Nezdaninskoye 2.7 M oz 13.8 M oz Golets Visochaishiy Sukoi Log Titimukhta 2.6 M oz Kuranakh 44.8 M oz Vorontosovskoe 2.6 M oz 6.8 M oz Kupol 2.6 M oz Veduga 4.3 M oz 4.8 M oz Olympiada Itakinskoye Bamskoe
Slide 24: centerraGoLD
centerraGoLD centerraGoL_Lp %® *£ eo &%
Slide 25: Appendix
centerraGoLD Appendix centerraGoL_Lp %® *£ eo &%
Slide 26: Gord Prospect, Drillhole Plan Map
Kara Beldyr – Q1 2011 Gord Prospect, Drillhole Plan Map May 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see Centerra’s AIF and technical reports filed on SEDAR. 26
Slide 27: Gord Prospect, Section 1750NW
Kara Beldyr – Q1 2011 Gord Prospect, Section 1750NW Note: All assays reported are actual values with no top cutting factor applied. May 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see Centerra’s AIF and technical reports filed on SEDAR. 27
Slide 28: Gord Prospect, Section 2000NW
Kara Beldyr – Q1 2011 Gord Prospect, Section 2000NW Note: All assays reported are actual values with no top cutting factor applied. May 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see Centerra’s AIF and technical reports filed on SEDAR. 28